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Chancellor targets cost of living crisis in budget for a ‘difficult moment’
business

Chancellor targets cost of living crisis in budget for a ‘difficult moment’

Healey hopes to give ‘hope for the future’ but only modest policies are expected with important decisions deferred John Healey has acknowledged the UK faces a “difficult moment” but insisted he would put the country on a better path as he delivers his first budget on Wednesday against a turbulent global economic backdrop. But despite the international uncertainty, the chancellor will signal “fresh hope for the future” as he attempts to sound a more optimistic note, by providing households with breathing space from rising cost of living pressures.

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Ecobank Group profit before tax hits US$737 million for first nine months of 2026
business

Ecobank Group profit before tax hits US$737 million for first nine months of 2026

Central, Eastern and Southern Africa (CESA) delivered a 20% increase in profit before tax, while Anglophone West Africa (AWA) recorded 10% growth, offsetting softer results in Francophone West Africa (UEMOA) and Nigeria. The strength of our diversified business model was evident as profit before tax increased by 20% in Central Eastern and Southern Africa (CESA) and by 10% in Anglophone West Africa (AWA), offsetting softer results in Francophone West Africa (UEMOA) and Nigeria,” he explained.

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Dangote Refinery IPO Attracts Investors From 120 Countries, All 54 African Nations
business

Dangote Refinery IPO Attracts Investors From 120 Countries, All 54 African Nations

Dangote Petroleum Refinery and Petrochemicals says its initial public offering (IPO) attracted investor applications from 120 countries, including all 54 African nations, following the close of the offer on Tuesday. Dangote Industries Limited Group Chief Financial Officer, Murat Erden, said the transaction demonstrated the potential for African financial institutions and digital platforms to connect investors across national borders.

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TOR slashes debt from $650m to $300m, MD reveals
business

TOR slashes debt from $650m to $300m, MD reveals

The Tema Oil Refinery (TOR) has reduced its debt burden from $650 million to about $300 million under a restructuring programme supported by the Energy Sector Levies Act (ESLA), Mr Edmond Kombat, Managing Director (MD) of TOR, has announced. He said the Refinery had also shown that Ghana could refine its own crude, stating that in December 2016, TOR received its first delivery of Ghanaian indigenous crude from the TEN field for domestic refining aboard MT Bodeira.

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Benjamin Larweh: Ghana’s cocoa farms must not become casualties of the gold rush
business

Benjamin Larweh: Ghana’s cocoa farms must not become casualties of the gold rush

The Ghana Cocoa Board Act, 2026 (Act 1182), provides an important legal foundation for defending one of Ghana’s most valuable agricultural resources. Formalisation is not a licence to break the law Recent public debate surrounding comments by Ghana Gold Board Chief Executive Officer Sammy Gyamfi has renewed attention to the government’s approach to unlicensed mining.

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Live: ASX poised to edge up ahead of inflation release
business

Live: ASX poised to edge up ahead of inflation release

Wall Street has enjoyed a solid bounce on the back of renewed buying of tech stocks, and the ASX is priced to edge higher ahead of today's inflation release. Follow the day's events and insights from our business reporters on the ABC News live markets blog.

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Telecel Ghana rewards subscriber with Hyundai Creta in 15th Dream Car promotion
business

Telecel Ghana rewards subscriber with Hyundai Creta in 15th Dream Car promotion

Telecel Ghana has rewarded a lucky subscriber, Eric Ayamgash, with a Hyundai Creta at the end of the 15th cycle of its Dream Car promotion. Senior Manager in charge of Mobile Data at Telecel Ghana, Carlos Asare Oppong, says the promotion reflects the company’s commitment to creating rewarding experiences and helping customers achieve their dreams.

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Ghana to review laws to implement Accra Convention – Ofosu-Adjare
business

Ghana to review laws to implement Accra Convention – Ofosu-Adjare

The Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, says Ghana will review its laws to facilitate the implementation of the Accra Convention on Negotiable Cargo Documents, a move expected to improve businesses’ access to trade financing. She said Ghana would work with institutions including the Ghana Shippers Authority, the Ghana Ports and Harbours Authority, the Customs Division of the Ghana Revenue Authority and commercial banks to pilot the use of negotiable cargo documents.

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‎NCGC unlocks N64bn credit, vows to end collateral barrier for viable businesses
business

‎NCGC unlocks N64bn credit, vows to end collateral barrier for viable businesses

Johnbosco Agbakwuru ‎ABUJA– THE National Credit Guarantee Company Limited (NCGC) on Tuesday said its guarantees have already unlocked ₦64.13 billion in loans for 174,495 borrowers nationwide, as it intensifies efforts to dismantle the collateral barriers that have long shut viable Nigerian businesses out of formal credit. ‎‎Okhaimo, who was accompanied by the Executive Director, Risk Management, Professor Ezekiel Oseni, and Executive Director, Strategy and Operations, Mrs. Tinuola Aigwedo, among others, explained that the company had deployed N30.19 billion in credit guarantees to unlock the…

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Unpaid carers say chancellor’s plan to scrap allowance cliff edge falls short
business

Unpaid carers say chancellor’s plan to scrap allowance cliff edge falls short

Digital taper system for benefit expected in budget, but those already hit with overpayments will still have to pay “On the surface it sounds really positive – and I really hope that it is,” says unpaid carer Guy Shahar of the government’s decision to abolish the notorious carer’s allowance cliff edge. And he notes that the cliff edge remains in place for four more years, potentially catching out more carers.

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MoMo Fest 2026 promotes cashless shopping and digital financial inclusion in Kumasi
business

MoMo Fest 2026 promotes cashless shopping and digital financial inclusion in Kumasi

MoMo Fest 2026 has brought digital payments to traders and consumers at the Baba Yara Sports Stadium in Kumasi, allowing festival-goers to purchase food, clothing and other goods using mobile money. MTN Kumasi Territory Sales Controller, Samuel Owusu Baah, said the festival was designed to extend financial services to people at the grassroots level by making digital payments more accessible to traders and consumers.

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No extension for manufacturers: EPA on January 1, 2027 styrofoam and single-use plastics ban
business

No extension for manufacturers: EPA on January 1, 2027 styrofoam and single-use plastics ban

The Environmental Protection Authority (EPA) has rejected calls by local manufacturers and importers for an extension of the January 1, 2027 deadline for the nationwide ban on polystyrene foam (styrofoam) products and selected single-use plastics. Providing further details on the scope of the ban, the EPA’s Director of Sustainable and Circular Economy, Larry Kotoe, said polyethylene terephthalate (PET) plastic bottles would be excluded from the immediate ban because of their distinct polymer structure and recycling potential.

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Budget 2026: six charts that reveal the economic realities facing the chancellor
business

Budget 2026: six charts that reveal the economic realities facing the chancellor

From tackling the youth jobs crisis to repairing Brexit’s economic damage, John Healey has his work cut out for him John Healey will deliver his first budget on Wednesday as UK households and businesses come under pressure from the unfolding economic shock caused by the war in the Middle East. Against a febrile backdrop in global markets, the chancellor is facing a delicate balancing act to provide “breathing space” measures to ease the cost of living crisis while increasing growth and sticking to the fiscal rules.

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Uganda Airlines begins scheduled flights to Accra
business

Uganda Airlines begins scheduled flights to Accra

Uganda Airlines has commenced scheduled commercial flights to Accra, introducing a new travel option between West and East Africa and raising prospects for improved regional connectivity, trade, investment and tourism. Chief Executive of Uganda Airlines, Girma Wake, said the airline’s operations in Ghana would strengthen air connectivity between West and East Africa, making travel between the regions more accessible.

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GRASAG president to join World Bank-backed Africa development conference in Italy
business

GRASAG president to join World Bank-backed Africa development conference in Italy

The World Bank Group has invited the President of the Graduate Students Association of Ghana (GRASAG), Richard Class-Peters, to participate in an international conference in Italy focused on skills development, job creation and Africa’s economic growth. The invitation was extended by Nancy Lozano Gracia, Head of the World Bank Group’s Rome Center.

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Ghana’s Interior Ministry tops government performance index as Trade Ministry ranks last
business

Ghana’s Interior Ministry tops government performance index as Trade Ministry ranks last

A new assessment of 23 government ministries in Ghana has ranked the Ministry of the Interior first for institutional performance, while the Ministry of Trade, Agribusiness and Industry placed last, highlighting concerns over public service delivery, workforce efficiency and financial management. Interior Ministry leads the rankings The Ministry of the Interior emerged as the strongest performer, scoring 80.26%.

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The chancellor’s pet PuFins have an important role – but they need more scrutiny
business

The chancellor’s pet PuFins have an important role – but they need more scrutiny

An Office for Budgetary Responsibility for public financial institutions like the National Wealth Fund and the British Business Bank is starting to look essential Two winners in the budget are known already. They are the National Wealth Fund (NWF) and the British Business Bank (BBB), state-funded investment bodies that have rapidly become central to the government’s growth strategy.

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Ruto heads to Russia to pursue new markets, investment for Kenya
business

Ruto heads to Russia to pursue new markets, investment for Kenya

NAIROBI, Kenya, Oct 27— President William Ruto is heading to Moscow, Russia, to pursue expanded markets for Kenyan exports, attract investment and secure partnerships in manufacturing, agriculture and technology as Kenya seeks to diversify its international economic ties. “As the AU champion on the African Continental Free Trade Area, the President will seek greater market access for African tea, coffee, cut flowers, fresh produce and value-added products,” State House Spokesperson Hussein Mohamed said in a statement issued Tuesday.

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Proposed gas pipeline will cut costs, boost South-East economy — Tinubu
business

Proposed gas pipeline will cut costs, boost South-East economy — Tinubu

By Chinedu Adonu ENUGU – President Bola Tinubu has said the proposed South-East Gas Distribution Pipeline Project will reduce energy costs, boost industrialisation and create jobs across the five states of the region. Tinubu, represented by Deputy Speaker of the House of Representatives, Benjamin Kalu, spoke yesterday at the South-East Gas Infrastructure Investment and Project Development Ceremony in Enugu.

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